C.M.A. to further promote ‘Islamic finance’ in Kenya

Kenya’s financial markets regulator, the Capital Markets Authority (CMA) has identified challenges and made recommendations, which if adopted, will help deepen Islamic Finance in the capital markets in Kenya, CMA said.
CMA Chief Executive Stella Kilonzo said one of the key recommendations is the setting up of a National Shariah Advisory Board to provide guidance on product authenticity within the entire Islamic Finance Industry in Kenya and also ensure consistent interpretation of the Shariah law………………………………………Full Article: Source